Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
iFabric Corp Announces 2012 Year End Financial Results and Outlook for 2013

MARKHAM, ONTARIO -- (Marketwire) -- 02/01/13 -- iFabric Corp ("IFA.V") (TSX VENTURE:IFA), hereinafter referred to as "iFabric" or the "Company", today announced its financial results for the year ended 30th September 2012.

In 2012 revenues increased to $5,981,070 compared to $5,557,574 in 2011, an increase of $423,496 or 7.6%. Gross profit in 2012 was $3,202,612 compared to $2,795,375 in 2011. Gross profit margins increased to 54% in 2012 compared to 50% in 2011, attributable to favorable product mix and savings in warehouse costs from establishing higher minimum customer order levels.

Net loss for the year ended 30th September 2012 was $214,349 or $0.01 per share, compared to a profit of $485,519 or $0.04c per share for the year ended 30th September 2011, on a fully diluted basis. The loss in 2012 is largely attributable to listing expenses of $572,170 incurred in connection with the company's public listing via reverse takeover of a capital pool corporation, as well as selling and design costs of approximately $400,000 relating to new sales programs which have been expensed ahead of initial sales of product from these programs, which are anticipated to commence shipping in the Company's January to March 2013 quarter.

The Company's balance sheet continues to improve. With working capital of $4,011,541and no operating debt, the Company is well capitalized to fund its operations. Shareholders' Equity increased to $4,772,563 an increase of $823,651 or 21% resulting from net proceeds of funds raised via private placement as part of the going public process in June 2012.

"The Company achieved sales growth in a very difficult year for retailers, especially in our key UK market" said Hylton Karon, president and CEO of iFabric. "With a strong order book on hand for our core products in the ladies intimate apparel division, the 2013 outlook for this division is encouraging. Sales are expected to show significant growth commencing in the quarter January to March. In addition, Cliniweave, a key technology in our intelligent fabrics division, received EPA (Environmental Protection Agency) registrations for its anti-bacterial and anti-viral versions in October and December 2012 respectively, now allowing the Company to sell Cliniweave technologies into the USA market. We are working with some key customers to integrate Cliniweave into their production schedules," added Mr. Karon.

Complete Financial Statements are available on www.sedar.com


FINANCIAL HIGHLIGHTS                                                        
                              3 months ended Sept 30      year ended Sept 30
                                                                            
                                   2012         2011       2012         2011
                                      $            $          $            $
Revenue                       2,006,645    1,583,149  5,981,070    5,557,574
                                                                            
Net income (loss)               113,323      115,259   (214,349)     485,519
                                                                            
Net income (loss) per share        0.01         0.01      (0.01)        0.04
                                                                            
Cash flow                      (487,937)     497,118 (1,248,384)     627,820

ABOUT iFABRIC CORP:

iFABRIC CORP currently has 25.2 million shares issued and outstanding. iFABRIC is a manufacturer, distributor, licensor and licensee of ladies intimate apparel products and accessories as well proprietary chemical compounds that render fabrics intelligent, thereby improving the safety and well-being of the wearer.

FORWARD LOOKING STATEMENTS

Forward-looking statements provide an opinion as to the effect of certain events and trends on the business. Certain statements contained in this news release constitute forward looking statements. The use of any words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Forward-looking information includes, but is not limited to, statements with respect to the development potential of the Company's products.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Readers are cautioned not to place undue reliance on these statements as the Company's actual results, performance, or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason except as required by applicable securities laws.

Any financial outlook or future oriented financial information in this news release, as defined by applicable securities legislation, has been approved by management of iFabric. Such financial outlook or future oriented financial information is provided for the purpose of providing information about management's reasonable expectations as to the anticipated results of its proposed business activities. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contacts:
iFabric Corp.
Hilton Price
CFO
905 882-4513
hilton.price@rogers.com
http://www.ifabriccorp.com/

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest AJAXWorld RIA Stories
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-spe...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation ...
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups ...
DevOps, Cloud and Your SDLC Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading i...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE